Wells Fargo Pref L's 15min chart signals bearish trend with MACD and KDJ death crosses.

Based on the 15-minute chart for Wells Fargo Preferred Stock, recent technical indicators suggest a bearish trend. The Moving Average Convergence Divergence (MACD) and KDJ (Stochastic Oscillator) have both triggered a "Death Cross," indicating a shift in momentum towards the downside. Furthermore, the stock has exhibited a "Bearish Marubozu" candlestick pattern, which is a strong indicator of a bearish market. This suggests that the stock price has the potential to continue falling and that sellers are currently in control of the market. The bearish momentum is likely to persist unless there is a significant change in market conditions.